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of <h1>SEBI Regulations 2015: Framework for Issuance and Listing of Municipal Debt Securities, Ensuring Transparency and Investor Protection.</h1> The Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015 provides a framework for the issuance and listing of municipal debt securities. It outlines definitions and terms relevant to the regulations, facilitating the participation of municipalities in the securities market. These regulations aim to ensure transparency, accountability, and investor protection in the municipal bond market. They are part of a broader legal structure that includes references to the Income-tax Act, 1961, indicating the interconnectedness of tax and securities regulations in governing financial instruments.
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